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Auburn bond would raise $2.1 million for projects

AUBURN â The City of Auburn soon could have $2.1 million to spend on new projects.
âI donât think weâll have any problem coming up with projects to spend it to invest in our community,â Mayor Mike Ley told the Auburn Common Council on Tuesday in City Hall.
The amount could turn out to be nearly $5 million, depending on Auburnâs share of the federal economic stimulus package (see related story).
The council on Tuesday began discussing plans to issue a new, $4.31 million bond. It would refinance $2.25 million of existing debt from 2011, leaving the rest for new projects.
The plan takes advantage of an expected interest rate of 1.3%. The 2011 bond bears interest rates of 4% to 4.75%, and refinancing it will save $60,000 per year in interest, for a total savings of $300,000. ....

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Park potential excites mayor

AUBURN — Auburn Mayor Mike Ley sees an exciting future for the land now occupied by the DeKalb County Highway Department. ....

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Auburn hires consultant for tree inventory

AUBURN — An Indianapolis company will perform an inventory of Auburn’s city-owned trees this spring. ....

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Mayor rides with street employee

Auburn Mayor Mike Ley rides with Auburn Street Department employee Tyler Brandon in one of the departmentâs new dump trucks on Jan. 1 as they salted streets after an ice storm. During his first term in office, Ley has visited employees in several city departments to experience their jobs. ....

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New dump trucks ready for winter

New dump trucks ready for winter
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